The macro trend of $BTC is being decided right now ā”ļø š Bitcoin's chart over the last 7 months can be viewed as a standard consolidation phase. Fueled by positive US macroeconomic data, clarity, rising volume, and a short squeeze, the price has surged to the upper boundary of the range š š Here, it faced massive resistance from previous local highs and the 50-Week MA. For now, this moving average is acting as strict resistance, which sent the asset to test the 0.25 Fib zone š š” This is a highly tense situation that is definitely worth watching closely, as it will determine the asset's next massive move š
